XE Market Analysis: The Currency Market Searches for New Direction As Central Bankers Take the Stage

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OVERVIEW

  • The US dollar is trading flat against the G-10 currencies on the day but close to the week’s high. 

  • The Australian dollar is nursing its wounds after slumping nearly 2% on a coal crisis.

  • NYMEX WTI Crude is approaching key $60 a barrel and is up 1% on the day